Perficient Digital Transformation

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. Build a reliable risk management strategy using accurate estimations and predictions. Contact us today!

Regulations 52

Regulations Efficiency Healthcare Automation 52

IBM Services

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

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Service Banking Risk Management Risk Management 51

IBM Services

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

Cybersecurity 78

Cybersecurity Regulations Banking Risk Management 78

Everest Group

MAY 19, 2022

With increased cyber attacks and data breaches post-pandemic, cyber insurance to protect against the rising digital threats is growing in demand. Cyber insurers can benefit by partnering with service providers to seize opportunities for growth and profitability in this fast-growing market. Read on to learn how. .

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Insurance Marketing Cybersecurity Engineering 52

Perficient Digital Transformation

DECEMBER 1, 2023

In various press releases, the Federal Deposit Insurance Corporation (FDIC) has highlighted that an estimated $16.3 Despite this proactive approach, federal banking regulators either neglected to review the same documents or did so without taking necessary action before the bank failed.

Banking 52

Banking Insurance Regulations Risk Management 52

Perficient Digital Transformation

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

Inventory Management 52

Inventory Management Regulations Banking Government 52

Perficient Digital Transformation

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Inventory Management 52

Inventory Management Regulations Banking Government 52

Perficient Digital Transformation

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time. Don’t hesitate to reach out and leverage our knowledge to make informed decisions.

Accounting 52

Accounting Banking Retail Risk Management 52

Capgemini

NOVEMBER 30, 2022

FOCUS ON DATA ECOSYSTEMS IN THE ERA OF FINANCIAL SERVICES Ashvin Parmar 7 September 2022. When it comes to data, the financial services industry has some of the greatest opportunities but also faces tremendous risks and pressures. The banks and insurers don’t have a choice but to start to collaborate,” Parmar says. “So,

Service 52

Service Finance Risk Management Risk Management 52

Everest Group

MARCH 16, 2023

With the recent banking implosion, the global financial services industry , technology companies, and service providers will be hit in different ways. We believe this will start a domino effect impacting banking regulations, profitability, and technology spend. Banks’ risk management functions also will be scrutinized again.

Banking 52

Banking Service Right-Sizing Risk Management 52

IBM Services

DECEMBER 8, 2023

Risk transfer: Risk transfer involves passing the risk to a third party. This strategy shifts the risk from the organization onto another party; in many cases, the risk shifts to an insurance company. An example of this is obtaining an insurance policy to cover property damage or personal injury.

Risk Management 72

Risk Management Risk Management Insurance Cybersecurity 72

Paysquare

MAY 27, 2023

An EOR can take on the employer responsibilities for a company, managing all aspects of migration, joining and on-boarding, benefits administration, payroll management, compliance and risk management, employee query resolution, and exit management. So, let’s dive in! What is an Employer of Record?

Management 52

Management Payroll Administrative Regulations 52

Perficient Digital Transformation

AUGUST 16, 2023

Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday. Mr. Herndon named the Federal Deposit Insurance Corporation (“FDIC”) as receiver, allowing the FDIC to take control of the Heartland Tri-State’s operations.

Banking 52

Banking Regulations Risk Management Risk Management 52

Paysquare

SEPTEMBER 4, 2023

In between these important activities, it not possible for the HR team to manually calculate payroll, dispatch salaries, and manage deductions. Even regulations and laws are modified and incorporating these changing rules in your payroll structure is complicated. health insurance, retirement plans).

Payroll 95

Payroll Out-Tasking Managed Services Regulations 95

Perficient Digital Transformation

SEPTEMBER 16, 2022

To counteract and minimize such risks, the Fed’s Supervisory Letter required that prior to engaging in any crypto-asset-related activity, a supervised banking organization must first ensure such activity is legally permissible and determine whether any filings are required under applicable federal or state laws. The Home Owners’ Loan Act.

Banking 64

Banking Regulations Risk Management Risk Management 64

Capgemini

NOVEMBER 22, 2023

Embedded Finance: unlocking the $500Bn opportunity Gareth Wilson 7 November 2023 Facebook Twitter Linkedin The revised Payment Services Directive (PSD2) was passed by the Council of the European Union in 2015, and widely implemented in 2017. The regulation ushered the banking industry to the Open Banking era of seamless data exchange.

Finance 52

Finance E-Commerce Banking Retail 52

Perficient Digital Transformation

AUGUST 3, 2023

Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands. Using generative AI for such purposes gives human resources more bandwidth to thoroughly investigate suspicious incidents.

Risk Management 19

Risk Management Risk Management Service Insurance 19

Intugo

AUGUST 3, 2023

Some of the functions associated with outsourcing human resources in Mexico include: Compliance The human resources department ensures your business complies with dynamic local, state, and federal employment laws and regulations. This requires a degree of expertise and an ongoing commitment to research and adaptations.

Human Resources 52

Human Resources Outsourcing Payroll Risk Management 52

Groove Technology

SEPTEMBER 3, 2022

Complying with regulations will also get more difficult as you have to take into account the legal systems of the nations where your employees are based, including social security, data protection, and compliance with tax and labor laws. EOR gives you access to reliable services that can do these tasks on your behalf. Keep Precision.

Payroll 130

Payroll Out-Tasking Administrative Accounting 130

SIG Speaks

MARCH 28, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Elizabeth Marquez shares what she has found helps with managing third-party risk resources and how to apply these concepts. I must understand the risks of working with Third-Party Resources. Chapman, p.

Management 40

Management Risk Management Risk Management Insurance 40

Perficient Digital Transformation

MARCH 19, 2024

Risk management, data access controls, and continuous monitoring and logging are likely on your checklist. And, ultimately, innovate to add business value , meet consumers’ evolving expectations , and deliver equitable care and services. Be sure to also consider your software supply chain security.

Healthcare 52

Healthcare Insurance Cybersecurity Collaborations 52

IBM Services

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Business and employee management : In customer service, generative AI can be used throughout the call center.

Out-Tasking 122

Out-Tasking Design Automation Sales 122

SIG Speaks

AUGUST 24, 2023

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Steve Williams provides a look through Johari’s Window, and how knowing what we know and don’t know can unlock our understanding of a company’s risk profile while supporting it through negotiated contracts and governance.

Government 40

Government Risk Management Risk Management Cybersecurity 40

Neo Group

SEPTEMBER 24, 2020

John Bree, Chief Evangelist & CRO, Supply Wisdom will be moderating a panel on Regulations & Compliance in the New Normal. . In this panel, leaders from the financial and insurance sectors discuss how regulations and compliance have to increasingly be included in ongoing governance. No industry is immune to it.

Government 52

Government Co-Sourcing Advisory Regulations 52

NoonDalton

OCTOBER 24, 2022

Businesses and startups that require superior people to expand their operations might greatly benefit from HR outsourcing services. These are merely the most typical HR outsourcing tasks; some service providers offer a wider range of additional services.). Risk Management. Employee Benefits Admin. Expert Advice.

Outsourcing 80

Outsourcing Payroll Out-Tasking Right-Sizing 80

Paysquare

AUGUST 7, 2023

Overall, outsourcing accounts is significant as it enables businesses to streamline operations, reduce costs, access specialized skills and maintain compliance with accounting standards and regulations. Stay Updated on Industry Trends and Regulations Accounting regulations and industry practices are constantly evolving.

Accounting 52

Accounting Outsourcing Collaborations Out-Tasking 52

NoonDalton

OCTOBER 27, 2021

Since this is our primary service offering, it seems fitting that we should be firm believers in the concept. Customer service, for example, is a crucial aspect of any business. There are two advantages to outsourcing customer service. First, it enables a business to deliver continuous customer service to its clients.

Outsourcing 94

Outsourcing BPO Accounting Customer Service 94

Perficient Digital Transformation

JANUARY 13, 2022

Amazon Web Services (AWS) provides healthcare and insurance companies with the IT components they need to make their applications HIPAA and HITECH compliant. Using these services to store, process, and transmit PHI aids our clients and AWS in meeting HIPAA requirements associated with the utility-based operating model.

Healthcare 69

Healthcare Government Insurance Administrative 69

NoonDalton

APRIL 12, 2022

As a result, many businesses employ outsourcing services and software to handle everything from payroll and resume screening to benefits enrollment and compliance issues, which is a terrific way to save resources (in the end, time and money) while also utilizing specialist skills and experience. Allow Employees to be More Strategic.

Outsourcing 98

Outsourcing Human Resources Payroll Reduced Costs 98

Mercans

OCTOBER 26, 2021

These responsibilities are outlined in client service agreements (CSA’s) between client companies and PEO’s. HR services and support. PEO’s help clients manage time efficiently by outsourcing HR to multiple service providers, creating operational efficiency, reducing risk, and maximizing talent utilization.

Co-Sourcing 52

Co-Sourcing Payroll Insurance Administrative 52

inDinero

JULY 8, 2021

A company’s creditworthiness impacts a business owner’s loan terms, liability insurance premiums, and the regard of investors, vendors, and clients. Also, federal and state agencies heavily regulate banks, credit unions, and other financial institutions. Regulated pot was valued at $11.3 branch of a foreign bank.

Banking 69

Banking Accounting Regulations Government 69

Obobo

MARCH 19, 2023

The role of the post award contract management team is to ensure that the procurement process is compliant with applicable laws and regulations and that the contract is being executed in accordance with the terms and conditions agreed by both parties. Here are five best practices for effective post-award contract management: 1.

Management 40

Management Risk Management Risk Management Government 40

Everest Group

NOVEMBER 16, 2022

Global Business Services (GBS) organizations have a big opportunity to champion Environment, Social, and Governance (ESG) in banking and financial services (BFS) institutions. ESG is creating new opportunities for BFS Global Business Services organizations. ESG products and services emerge.

Sourcing 52

Sourcing Banking Global Business Services Impact Sourcing 52

SirionLabs

SEPTEMBER 20, 2021

For example, companies usually schedule annual or quarterly compliance audits to examine: Agreement parameters: Clauses, contractual obligations, service level agreements, payment terms, project milestones, deliverables, etc. With the right audit clauses in place, supplier contracts can be regularly audited to evaluate vendor credibility.

Third Party Contracting 52

Third Party Contracting Regulations Analytics Automation 52

Infosys Consulting

FEBRUARY 23, 2023

For example, to unlock funds, certain firms would prefer to directly share information with their investors, creditors, and insurers. This valuable channel opens new opportunities for asset managers. Cloud hyperscalers are already offering data standardization services to process ESG data.

Advisory 52

Advisory Sourcing Banking Analytics 52

IBM Services

SEPTEMBER 14, 2023

As enterprises modernize and migrate workloads to IBM Cloud, they often run into requirements that certain components of their application workloads to run on other cloud service provider networks. These requirements create a technical challenge for enterprises—especially in regulated industries (e.g.,

Regulations 76

Regulations Insurance Administrative Banking 76

Groove Technology

MARCH 14, 2022

Visit our staff augmentation service page for more information. Staff augmentation is one of the outsourcing models that allows for the global recruiting of tech talent and the management of augmented teams, in which a software firm provides its developers and IT specialists as external hires. Management hurdles.

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Outsourcing Administrative Human Resources Collaborations 130